MARKET CLOSE: NZ shares outperform Asia as Synlait, Air NZ recover

Wed, 12 Jun 2019

By Paul McBeth June 12 (BusinessDesk) - New Zealand shares were among the best performers across Asia Pacific, led by recoveries in Synlait Milk and Air New Zealand on relatively light volumes. The S&P/NZX 50 Index rose 65.99 points, 0.7 percent, to 10,205.14. Within the index, 31 stocks gained, 11 fell, and eight were unchanged. Turnover was $128.6 million. The local benchmark was second only to Pakistan's Karachi 100 Index, which was up 1.1 percent in early trading, as investors continue to ponder the impact of the ongoing US-China...

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